Last year, the priciest homes for sale in DC topped out in the low-$20 million range. These days, however, properties in the highest altitude of the city’s residential real estate stock can be purchased for far less. The most expensive listing on the market at the moment is listed for $12 million, but clipping at its heels is an 11,800 square-foot property listed just a few days ago.

The seven-bedroom home on Foxhall Road (map) was built by Gibson Builders back in 2010 and hit the market briefly last year. It is located on a street that is a bit of an anomaly in DC, as it is lined with some of the city’s largest homes that, instead of being converted into multiple units or non-profit organizations, remain single-family homes.

While the price is indeed high at $11.9 million, the home boasts extras including a gym, a large wine cellar, a sauna, a steam room, and an infinity swimming pool, in addition to all the other amenities that one might expect of a home this expensive (formal rooms for every imaginable use, several outdoor spaces and a four-car garage).

We understand that the region will be getting a property in the coming months to rival the price tag of those uber-pricey homes on the market last year, it just won’t be located within the DC borders. Stay tuned.

This article originally published at http://dc.urbanturf.com/articles/blog/dcs_most_expensive_homes_not_as_pricey_as_they_used_to_be/5015

3 Comments

Jennifer said at 1:58 am on Tuesday January 31, 2012:

Well, we may not have a 20+ million dollar home, but there are quite a few in the 5-12 million dollar range. Everymay did have 3.5 acres of land which accounted for its huge price tag. The top 3 house now (12m, 11.9, and 10.9) and though they are all actually equal or larger than the Everymay house, they don’t have 3.5 acres and are hence half the price.

JJ, the 10.9 is 1824 R, it looks like it is a private Sotheby’s listing as it isn’t showing up in MLS. http://www.homevisit.com/mlsTour/?ver=1&id=54986 According to Zillow, WFP had it before at 15.5 which was too high for the current market. This seems to be a more reasonable price. There aren’t many comparables for 12,000 sq foot city homes, so it isn’t easy to predict a price. The only thing that has sold like it in the last few years was another similar Sotheby’s listing at 17th and Mass—that went for 12 million.